The Rosenbach of the Free Library of Philadelphia

Analysis

The Rosenbach of the Free Library of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1953, 73 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Rosenbach of the Free Library of Philadelphia reported income of $3.9m and spending of $2.6m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.9m (+91%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 144%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Rosenbach of the Free Library of Philadelphia sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Institute of Women and Ethnic Studies ($3.9m), The Schubert Club ($3.9m) and Omaha Conservatory of Music ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $166k (6.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $20.4m against liabilities of $3.1m, net assets of $17.2m. It reported 27 employees.